Insolvency up by 16.5% compared to last year
The number of company insolvencies in September 2023 was 16.5% higher than the same month last year, according to official data published in October by the Insolvency Service. Corporate insolvencies decreased to a total of 1,967 compared to August’s total…
Read moreUK economy recovery slows in August
Britain’s economy partially recovered in August, with a marginal growth of 0.2% following a sharp fall in July. This slow growth has fuelled expectations that the Bank of England’s (BoE) Monetary Policy Committee will vote to maintain its base interest…
Read moreAUTUMN STATEMENT 2023
INTRODUCTION Against the backdrop of a cost-of-living crisis, a near-stagnant economy and a looming election, the 2023 Autumn Statement was seen to reflect a pivotal moment in the UK’s economic trajectory. As Jeremy Hunt stepped up to the dispatch box…
Read moreIndustry backlash at HS2 U-turn
Leading business organisations have criticised the Government’s decision to scrap the northern leg of HS2, despite its promises to divert £36 billion into new transport in the Midlands and north of England. High-Speed Rail Group, which represents rail and engineering…
Read moreTreasury task force details carbon reporting rules
A Treasury task force explained on the 9 October how listed companies and financial firms will have to outline plans to cut carbon emissions in the transition to a 2050 net-zero economy. The plans dovetail with pre-existing mandatory climate standards,…
Read moreAccounting tech for businesses
How will technology impact your business’s financial future? Constant developments in technologies like AI and cloud accounting are changing the way we do business and manage our finances. It’s a rapidly advancing field that has already changed the way most…
Read moreA guide to registering for self-assessment
How to register for and file your self-assessment tax return. If you’ve never had to complete a self-assessment tax return, the first time can be daunting. But don’t worry: we’ll demystify the process in this article. And if you have…
Read moreIR35: what happens when it goes wrong?
How the off-payroll rules will affect you and your business. Contractors and freelancers operate through a private company to enjoy a better tax treatment compared to sole traders — but a more favourable tax position is actually never guaranteed because…
Read moreOne million more pulled into tax on savings
Rising interest rates and frozen thresholds will force over one million more taxpayers to pay taxes on their savings interest this tax year, new data reveals. Over 2.7 million individuals will pay tax on cash interest in the 2023/24 tax…
Read morePay growth ends 18-month wage squeeze
Real wages in June 2023 were higher than a year ago for the first time in 18 months, ending a pay squeeze across Britain. Wages grew by 7.8% in the three months to June, the fastest annual rate since records…
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